Can I retire at age 74 with 930,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$76,799$76,114$75,447$74,796$74,160$72,811
2 years$38,019$37,311$36,625$35,959$35,314$33,960
3 years$25,094$24,383$23,699$23,040$22,405$21,088
4 years$18,633$17,924$17,247$16,599$15,979$14,710
5 years$14,757$14,053$13,384$12,749$12,147$10,928
6 years$12,175$11,475$10,816$10,196$9,612$8,445
7 years$10,330$9,637$8,988$8,383$7,817$6,702
8 years$8,948$8,261$7,623$7,032$6,485$5,422
9 years$7,873$7,192$6,566$5,990$5,461$4,450
10 years$7,014$6,340$5,724$5,163$4,653$3,693
11 years$6,311$5,644$5,039$4,493$4,002$3,091
12 years$5,726$5,066$4,472$3,941$3,468$2,605
13 years$5,231$4,578$3,996$3,480$3,024$2,208
14 years$4,808$4,161$3,590$3,089$2,651$1,880
15 years$4,441$3,801$3,241$2,755$2,334$1,607
16 years$4,120$3,488$2,939$2,467$2,063$1,378
17 years$3,838$3,212$2,674$2,216$1,829$1,185
18 years$3,587$2,968$2,441$1,997$1,626$1,022
19 years$3,362$2,751$2,235$1,805$1,450$882
20 years$3,161$2,556$2,051$1,634$1,295$763
21 years$2,979$2,381$1,887$1,483$1,159$661
22 years$2,813$2,222$1,739$1,349$1,039$573
23 years$2,662$2,079$1,605$1,228$932$498
24 years$2,524$1,948$1,485$1,120$838$432
25 years$2,398$1,828$1,375$1,023$754$376
26 years$2,281$1,718$1,275$935$679$327
27 years$2,173$1,617$1,184$856$612$285
28 years$2,073$1,523$1,101$785$553$248
29 years$1,980$1,437$1,025$719$499$216
30 years$1,893$1,357$954$660$451$189
31 years$1,812$1,283$890$606$408$164
32 years$1,736$1,214$830$557$369$143
33 years$1,665$1,150$775$512$334$125
34 years$1,599$1,090$724$472$302$109
35 years$1,536$1,033$677$434$274$95
36 years$1,477$981$633$400$248$83
37 years$1,421$932$593$368$225$73
38 years$1,369$885$555$339$204$64
39 years$1,319$842$520$313$185$55
40 years$1,271$801$488$289$168$48
41 years$1,227$762$457$266$152$42
42 years$1,184$726$429$246$138$37
43 years$1,144$692$402$227$125$32
44 years$1,105$659$378$210$114$28
45 years$1,068$629$355$194$103$25
46 years$1,033$600$333$179$94$22
47 years$1,000$573$313$165$85$19
48 years$968$547$294$153$77$16
49 years$937$522$276$141$70$14
50 years$908$499$260$130$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $930,000, adding $2,756 every year, while hoping to spend $43,243 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 69/5/26 Blend
73$930,000$930,000$930,000$930,000
74$1,027,703$978,413$963,998$1,091,566
75$1,086,518$980,345$950,282$1,136,688
76$1,149,884$980,922$934,656$1,180,819
77$1,218,217$980,033$917,013$1,228,113
78$1,291,979$977,558$897,236$1,278,882
79$1,371,673$973,371$875,206$1,333,470
80$1,457,856$967,338$850,798$1,392,260
81$1,551,137$959,317$823,879$1,455,673
82$1,652,187$949,158$794,313$1,524,174
83$1,761,743$936,700$761,956$1,598,277
84$1,880,617$921,774$726,657$1,678,550
85$2,009,699$904,200$688,259$1,765,618
86$2,149,972$883,789$646,600$1,860,175
87$2,302,514$860,340$601,505$1,962,984
88$2,468,512$833,639$552,798$2,074,889
89$2,649,273$803,460$500,290$2,196,820
90$2,846,235$769,565$443,785$2,329,807
91$3,060,979$731,701$383,080$2,474,984
92$3,295,246$689,602$317,960$2,633,604
93$3,550,953$642,984$248,203$2,807,049
94$3,830,209$591,550$173,577$2,996,846
95$4,135,336$534,982$93,838$3,204,678
96$4,468,892$472,947$8,733$3,432,405
97$4,833,690$405,093$0$3,682,076
98$5,232,831$331,047$0$3,978,729
99$5,669,726$250,414$0$4,306,152
100$6,148,134$162,780$0$4,664,757